What kind of a % correction are we looking at when the obvious cryptocurrency bubble pops and what is long term outlook of total market cap?
We are obviously in a cryptocurrency bubble.
It will pop.
Question is - what kind of a correction % wise are we looking when it pops?
80%, 90%?
At the beginning of January total crypto market cap was only $15 billion.
Now it is $105 billion.
So this is an obvious bubble, but what are usually the corrections on such bubbles? Where will it settle once it pops?
And the second question - what do you think is the long term (5-10 years) outlook on cryptocurrencies and their total market cap?
If it is 105$ billion today what do you think the total market cap will be in 5 years and 10 years?
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